Welcome to our dedicated page for Topgolf Callaway Brands Ord Shs SEC filings (Ticker: MODG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Topgolf Callaway Brands Corp. (NYSE: MODG) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures, including Current Reports on Form 8-K and other key documents filed with the U.S. Securities and Exchange Commission. These filings explain material events, financial results, governance changes and significant transactions affecting the Modern Golf and active lifestyle business.
For Topgolf Callaway Brands, recent 8-K filings document the agreement and completion of the sale of a 60% stake in the Topgolf and Toptracer businesses to an affiliate of Leonard Green & Partners, L.P., including details on the equity purchase agreement, expected and realized net proceeds, governance structure for Topgolf Topco, LLC and related transfer and consent rights. Other 8-Ks discuss quarterly financial results, changes in directors, and participation in investor events, giving investors insight into both operations and board-level developments.
Through this page, you can track how the company reports segment performance for Topgolf, Golf Equipment and Active Lifestyle, how it describes non-GAAP measures such as Adjusted EBITDA, and how it discusses liquidity, debt repayment and capital allocation decisions like stock repurchase authorizations. Filings also capture information about licensing arrangements, brand portfolio changes and the planned corporate name and ticker symbol change to Callaway Golf Company (NYSE: CALY).
Stock Titan enhances these filings with AI-powered summaries that highlight the main points of lengthy documents, helping readers quickly understand the implications of new 8-Ks, 10-K annual reports, 10-Q quarterly reports and Form 4 insider transaction filings when they are available. Real-time updates from EDGAR ensure that new disclosures for MODG appear promptly, while AI analysis helps interpret complex sections, such as transaction terms, segment commentary and risk-related language, in a more accessible way.
Callaway Golf Company is providing supplemental, recast financial data to reflect the 2025 sales of its Jack Wolfskin and Topgolf businesses and a new two-segment structure: Golf Equipment, and Apparel, Gear and Other. Results for Topgolf and Jack Wolfskin are now treated as discontinued operations.
On this basis, 2025 net sales from continuing operations were $2,060.1 million versus $2,077.7 million in 2024, a modest decline of 0.8%. Income from continuing operations before income taxes was $87.6 million, down from $111.5 million, while diluted GAAP earnings per share from continuing operations were $0.21.
The recast non‑GAAP schedules show 2025 trailing twelve‑month adjusted EBITDA of $222.4 million compared with $261.2 million in 2024. A net debt leverage table highlights a sharp improvement in leverage, with total net debt falling from $1,032.2 million and 4.0x leverage at December 31, 2024 to $576.3 million and 2.6x at December 31, 2025, and a pro forma net cash position after the Topgolf closing.
Callaway Golf Company files its annual report describing a major strategic shift back to a pure‑play golf business. In 2025 it sold Jack Wolfskin and, effective January 2026, divested 60% of its Topgolf and Toptracer businesses while retaining a 40% equity stake accounted for under the equity method.
The company now operates two segments, Golf Equipment and Apparel, Gear and Other, built around the Callaway, Odyssey, TravisMathew and OGIO brands. It highlights its global manufacturing and distribution footprint, heavy use of innovation and artificial intelligence in product design, and a large trademark and patent portfolio.
The filing also outlines key risks, including economic downturns, shifts in golf participation, intense competition, supply chain and tariff pressures, regulatory compliance, and the limitations and uncertainties associated with being a non‑controlling minority owner of Topgolf.
Callaway Golf Co executive Angela J. Deskins, EVP and Chief People Officer, filed an initial statement of beneficial ownership. The filing lists her direct holdings of restricted stock units and common stock in the company.
She holds several blocks of Restricted Stock Units, each representing a right to receive one share of common stock, with grants dated February 6, 2024, March 14, 2025, September 29, 2025, and February 24, 2026. These RSUs vest either on the third anniversary of the grant date or in three equal annual installments beginning on the first anniversary, depending on the grant. She also directly holds 2,025 shares of common stock as of the reported date.
Callaway Golf executive Timothy R. Reed filed an initial ownership report showing his existing equity stake in the company. The filing lists holdings of common stock and several blocks of restricted stock units, each RSU representing a contingent right to receive one share of common stock.
Footnotes explain that RSU grants were made on February 6, 2024, March 14, 2025, August 26, 2025, and February 24, 2026, with vesting on specific future dates or in equal annual installments. The common stock line shows 161,276 shares held directly following the reported positions, reflecting his established ownership rather than a new purchase or sale.
Thomas Jennifer L. reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co reported that executive Jennifer L. Thomas, SVP and Chief Accounting Officer, received a grant of 7,797 Restricted Stock Units (RSUs) on February 24, 2026. Each RSU represents a contingent right to receive one share of common stock at no purchase price.
The RSUs vest in three equal annual installments, beginning on the first anniversary of the grant date, aligning her compensation with longer-term company performance. The reported holding reflects only this new grant and excludes other RSUs with different vesting terms.
Leposky Mark F reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co executive Mark F. Leposky, EVP and Chief Supply Chain Officer, reported receiving a grant of 37,423 Restricted Stock Units. Each RSU equals one share of common stock and was granted on February 24, 2026, vesting in three equal annual installments starting one year after the grant.
Hickey Glenn F. reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co executive Glenn F. Hickey received an equity award of 37,423 Restricted Stock Units on February 24, 2026. Each RSU represents a contingent right to receive one share of Callaway common stock, with no cash price per unit.
The award vests in three equal annual installments, beginning on the first anniversary of the grant date. The reported holdings reflect only these 37,423 RSUs granted on February 24, 2026 and exclude any RSUs Hickey holds with different vesting terms.
Lynch Brian P. reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co executive vice president and CFO Brian P. Lynch received a grant of 62,371 Restricted Stock Units (RSUs) on February 24, 2026. Each RSU represents the right to receive one share of common stock and vests in three equal annual installments starting on the first anniversary of the grant date.
BREWER OLIVER G III reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co President and CEO Oliver G. Brewer III received a grant of 202,703 Restricted Stock Units (RSUs) on February 24, 2026. Each RSU represents a contingent right to receive one share of Callaway common stock.
The RSUs vest in three equal annual installments, starting on the first anniversary of the grant date, meaning the award vests over three years. The reported amount reflects only this specific grant and excludes any other RSUs he holds with different vesting terms.
Callaway Golf Co director Erik J. Anderson reported an indirect sale of company stock through an affiliated entity. On February 23, 2026, WestRiver Management, LLC, an entity for which Anderson is sole member and manager, sold 10,000 shares of Callaway Golf common stock at an average price of $13.822 per share in an open-market transaction, leaving 680,459 shares held indirectly through WestRiver Management.
Following this transaction, Anderson also reported 20,607 shares of Callaway Golf common stock held directly and 40,476 shares held indirectly through Anderson Family Investments, LLC. According to the filing, Anderson may be deemed to beneficially own the securities held by these entities, but he disclaims beneficial ownership except to the extent of his pecuniary interest.